AUDUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast - 20th to 24th Mar 2017

AUDUSD Weekly Forex Forecast – 20th to 24th Mar 2017

The AUDUSD technical pattern has shifted to the upside and we’re in a bullish sequence.We can see a break above the February’s high 0.7740 level, but we also see a retracement back inside the range as the stochastic indicator is extremely overbought. The upside can be capped below last yearRead More

AUDUSD Weekly Forex Forecast - 13th to 17th Mar 2017

AUDUSD Weekly Forex Forecast – 13th to 17th Mar 2017

The AUDUSD technical pattern remains bearish. Although we got a weekly close above the big round number 0.7500, AUDUSD is still correcting the cycle from December low. We can still see a retest of the 0.7600 resistance level before the downside can resume. A break and a close below 0.7500Read More

AUDUSD Weekly Forex Forecast - 6th to 10th Mar 2017

AUDUSD Weekly Forex Forecast – 6th to 10th Mar 2017

The AUDUSD has finally broken to the downside, away from a very nasty trading range. We have not just broken through multiple levels of supports but we’re also trading below the 200-day EMA which is bearish for the AUD/USD exchange rate. We can expect any rally to find resistance atRead More

AUDUSD Weekly Forex Forecast - 27th Feb to 3rd Mar 2017

AUDUSD Weekly Forex Forecast – 27th Feb to 3rd Mar 2017

  The AUDUSD continued trading inside a very frustrating range. Normally, as long as we move between the February upward channel we should expect more consolidation, but we’re running out of time and sooner rather than later we should see a breakout. Last week high 0.7740 should now act asRead More

AUDUSD Weekly Forex Forecast - 20th to 24th Feb 2017

AUDUSD Weekly Forex Forecast – 20th to 24th Feb 2017

The AUDUSD technical pattern has moved from consolidation into a very tight range zone. But small ranges are always followed by price expansion and the tighter the range the more aggressive the break will be. The stochastic indicator and the AUDUSD price have moved in the opposite directions over theRead More

AUDUSD Weekly Forex Forecast - 13th to 17th Feb 2017

AUDUSD Weekly Forex Forecast – 13th to 17th Feb 2017

Last week saw AUDUSD trading inside a very narrow trading range between 0.7690 resistance level and support level 0.7600. This price congestion has sent the stochastic indicator in oversold territory, so it’s possible to see one more attempt to break above 0.7696 last swing high before the sellers to showRead More

AUDUSD Weekly Forex Forecast - 6th to 10th Feb 2017

AUDUSD Weekly Forex Forecast – 6th to 10th Feb 2017

The AUDUSD technical pattern is in a bullish sequence since the beginning of the year, however the rally has run too fast in a very short period of time. Several technical indicators suggest the AUDUSD is in overbought territory in multiple time frames. What gives us confidence that we’re aboutRead More

AUDUSD Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

AUDUSD Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

The AUDUSD technical pattern is signaling a major reversal unfolding. We can spot a massive bearish divergence between the price and the stochastic indicator. For confirmation, we need a break below 0.7525 but more important a break and a daily close below the 0.7500 big psychological number. To the upsideRead More

AUDUSD Weekly Forex Forecast - 23rd to 27th Jan 2017

AUDUSD Weekly Forex Forecast – 23rd to 27th Jan 2017

The Australian dollar is among the best performing G10 currency posting three consecutive weekly bullish candles. We have close above the 0.7500 big psychological number, but more importantly, we’ve close above 0.7525 swing high. However, at the same time, we can spot a massive bearish divergence between the price andRead More

AUDUSD Weekly Forex Forecast - 16th to 20th Jan 2017

AUDUSD Weekly Forex Forecast – 16th to 20th Jan 2017

The AUDUSD rally was more due to the dollar weakness than strength in the Australian Dollar. Last week inability to produce a close above the 0.7500 big psychological number is indicating that sooner rather than later we can expect a retracement. To the downside, we can expect AUDUSD to findRead More